DataRobot Blog

MAY 26, 2022

To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.

Risk 52

Risk Modeling Metrics Business Objectives 52

IBM Big Data Hub

AUGUST 28, 2023

Data visualization techniques like word clouds, bar charts and network graphs can help you present the findings in a concise, visually appealing way. Evaluate the performance of the text-mining models using relevant evaluation metrics and compare your outcomes with ground truth and/or expert judgment. What is text mining?

Data mining 58

Data mining Machine Learning Deep Learning Marketing 58

CIO Business Intelligence

MARCH 5, 2024

CIOs must also partner with CISOs, legal, human resources, and business leaders to build awareness of policies and develop a generative AI risk management strategy. The ambiguity of what’s working today and which users will benefit is driving some CIOs to ask whether adding Copilot licenses to Microsoft 365 is worth the price.

Cost-Benefit 124

Cost-Benefit Advertising Experimentation Software 124

IBM Big Data Hub

APRIL 4, 2024

Business process management examples BPM can help improve overall business operations by optimizing various business processes. Here are some BPM examples that outline the use cases and benefits of BPM methodology: Business strategy BPM serves as a strategic tool for aligning business processes with organizational goals and objectives.

Management 60

Management Cost-Benefit Metrics Consulting 60

IBM Big Data Hub

DECEMBER 4, 2023

Companies large and small are increasingly digitizing and managing vast troves of data. ERP systems like Oracle’s streamline business processes and reduce costs, leveraging information to help organizations make better decisions in rapidly changing landscapes. Will my organization choose an implementation partner?

Testing 80

Testing Consulting Digital Transformation Cost-Benefit 80

Octopai

APRIL 8, 2020

While there are many factors that led to this event, one critical dynamic was the inadequacy of the data architectures supporting banks and their risk management systems. Inaccurate Data Management Leads to Financial Collapse. Investors then paid whatever was asked without any information to justify the cost.

Finance 52

Finance Cost-Benefit Metadata Data Architecture 52

datapine

FEBRUARY 22, 2022

2) BI Strategy Benefits. Without real-time insight into their data, businesses remain reactive, miss strategic growth opportunities, lose their competitive edge, fail to take advantage of cost savings options, don’t ensure customer satisfaction… the list goes on. Benefits Of Implementing a BI Strategy. Table of Contents.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

Andrew White

JANUARY 11, 2021

With a success behind you, sell that experience as the kind of benefit you can help improve. Coding skills – SQL, Python or application familiarity – ETL & visualization? Value Management or monetization. Risk Management (most likely within context of governance). Product Management.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Jet Global

APRIL 5, 2021

Financial modeling involves combining key accounting, finance, and business metrics to build an abstract representation, or model, of a company’s financial situation. This exercise helps a company visualize its current financial position and predict future financial performance. Risk management. Prioritizing projects.

Modeling 98

Modeling Forecasting Metrics Finance 98

Jet Global

MAY 9, 2024

For example, streaming data from sensors to an analytics platform where it is processed and visualized immediately. Job schedulers help coordinate the pipeline’s different stages and manage dependencies between tasks. Monitoring tools track performance metrics such as latency, throughput, and error rates.

Data Lake 52

Data Lake Data Warehouse Business Intelligence Machine Learning 52